Actuarial Common Entrance Test: Introduction To Becoming An Actuary
ACET is an entrance examination conducted by IAI for students interested in taking different actuarial exams from IAI. Read more the exam here.
ACET stands for Actuarial Common Entrance Test and it is an entry-level examination for students who are planning to take various actuarial examinations conducted by Institute of Actuaries of India (IAI). Candidates who are already members of IAI are not required to take the ACET exam. ACET examination is conducted thrice a year in completely online mode through Computer Based Test.
Students who have passed their 10+2 examination with English as a compulsory subject. Candidates who have attained higher qualification will also be eligible to appear for the exams.
ACET Application Process
The ACET application process is held completely online. Candidates who are interested in taking the examination can register for the exam online. To register for ACET exam, candidates will also be required to upload their passport size photograph in the specified format and dimensions. Candidates will also be given the option to select their preference of ACET exam centre. Upon entering the registration details, candidates will receive the confirmation mail. Next, they can move on to filling up the detailed application form and pay the registration fee in online mode.
ACET Exam Pattern
ACET is a 3-hour entrance test that is conducted in a completely online mode. There will be a total 70 questions in the exam worth 100 marks. The questions will be multiple choice in nature. The detailed exam pattern of ACET is given below:
3 Hours (180 Minutes)
Computer-Based Test (Online Test)
Total Number Of Questions
Type of Questions
MCQ (Multiple-Choice Questions)
Distribution of Questions
ACET Study Material
IAI does not release any specific study material for ACET 2020. However, IAI does release previous year question papers that students can attempt to get a clear idea about the types of questions asked in the exam, the average time taken by a particular student in finishing the question paper, the difficulty level of the exam and lot more. Apart from the previous year question papers, students can also take the help of the recommended books for ACET to get assistance with their preparations.
ACET Admit Card
The admit card of ACET is available for downloading usually 20 days before the date of the exam. Candidates can log in to the admit card portal using valid credentials and download their ACET admit card. Candidates must note that the admit card is a mandatory document and no student will be allowed to enter the examination hall without the same. Also, the ACET hall ticket will contain important details like the name of the candidate, date and time of examination, exam centre, guidelines for the exam etc.
The ACET result is usually declared after 5 working days from the date of examination. Only candidates who will qualify the entrance exam will be able to check their results, scorecard and rank card. The result of ACET will be declared in online mode and students can check their result by logging in to the result portal using valid credentials.
Sansar writes on Schools and Commerce at Careers360.